Wednesday, April 21, 2010

Trade Deficit Highlights Sithanen's Failure

We've been paying for imports we really don't need by selling our land. That's as unsustainable as the combination of flat-tax with worst growth rates in decades. Besides growth rate isn't a comprehensive enough performance metric. That's why we need a sea change in our economic policies. And we need it fast.

9 comments:

Prime land for residential purposes will soon become an unaccessible luxury for Mauritians if it is not already the case. Foreigners are queuing to become owners of our land. Maurice Ile Durable is fast becoming Maurice Ile Locataire. Et C'est un Plaisir en plus!

Sithanen has just stated that all the economic measures he took, whether popular or unpopular, were taken with the approval and blessing of Ramgoolam. Besides, the latter is taking credit for the economic recovery of the island. So why does he not own up and take responsibility for all the measures taken by his governement? He can't say he was misled by Sithanen. In fact, he had a British economic adviser in his office all the time to advise him on economic issues.

@Anonymous: I think Ramgoolam can say he was misled because even professional economists and MPs have been fooled by the mesmerizing Sithanen. Of course that tells you the size of PM he is. No Andrew Scott is almost never there. At least that's what I've heard.

OK, ok, merci bien. Mais enfin, "Ramgoolam can say he was misled" o_0 "Misled" during 9 years of bean-counter's presence in the Cabinet...? Nine years, almost a decade! Difficile de me faire avaler ça... Maybe if you try "supply-side"ways :-)But seriously, it's as if saying that I can get nominated by Navin if I just bark out technical jargon in his presence. What about all these civil servants in these offices, don't they have brains to think critically about the viability of what Rama was devising for them to put in action?